St Paul’s Bay With Most Property Sales In December 2023

In December 2023, the residential property market saw a 2.5% increase in the number of final deeds of sale, totaling 1,047, with a corresponding 21.6% surge in their value, reaching €282.2 million.

Individual buyers constituted 89.8% of these transactions, amounting to €212.0 million.The Northern Harbour District and the Northern District recorded the highest numbers of final deeds of sale, while San Pawl Il-Baħar, Ħaż-Żabbar, Il-Mellieħa, and Il-Mosta accounted for 21.7% of the total.

In the fourth quarter of 2023, final deeds of sale dropped by 15.0%, with 3,200 transactions valued at €843.4 million. San Pawl Il-Baħar, Birkirkara, and Marsaskala had the highest numbers of final deeds.

Regarding promise of sale agreements, December 2023 saw a 5.1% increase, reaching 1,052 agreements, primarily driven by individual buyers (91.5%).

The Northern Harbour District and the Northern District recorded the highest numbers, and San Pawl Il-Baħar, Birkirkara, and Tas-Sliema accounted for 18.0% of the total. In the fourth quarter, promise of sale agreements increased by 4.6%, totaling 3,508, with San Pawl Il-Baħar, Birkirkara, and Il-Mosta leading in numbers.

#MaltaDaily